Financial Times

Brent tops $80 a barrel again ahead of Opec meeting

Published 12:00 21st Sep 2018.

Energy Aspects comments on the lack of spare oil production capacity

"Market participants are concerned about available spare production capacity, which acts as a buffer should prices rise too high.

“In our view, near-term spare capacity is effectively maxed out,” said analysts at Energy Aspects. They said Saudi Arabia and Russia may not be able to accelerate production much further any time soon even if they signal that they are prepared to unleash more volumes on the market."